How to keep up with the changing insurance landscape
Thanks to 15 years of load shedding, South Africans have become all too used to rolling blackouts and power outages. And it doesn’t look like this problem will be solved anytime soon. Property owners and businesses have had to find ways to deal with it, and inevitably, insurers are starting to do the same. One of the options on the table is the introduction of grid interruption exclusions because outages can no longer be classified as ‘sudden and unforeseen’.